BREAKING NEWS: CHINA’S CENTRAL BANK ASKED ITS MAJOR LENDERS TO RAISE THE SHARE OF YUAN WHEN FACILITATING CROSS-BORDER TRADE
The trend…
“The People’s Bank of China increased the floor ratio for yuan-denominated trade transactions to 40% from 25%…”
China’s largest gold miner is moving into precious metals streaming to lock in more gold supply. They continue to play chess. Gold is at the heart of the financial strategy.
BREAKING NEWS: ECB PRESIDENT CHRISTINE LAGARDE SAYS THE EURO COULD BE VIABLE ALTERNATIVE TO US DOLLAR
Awkward…
“ECB President Christine Lagarde argues the US economic policy shifts have created inroads for the euro to the standard currency for future global trade…”
Even the European bloc is now openly downplaying the dollar’s dominance. Talk about a plot twist.
The Bank for International Settlements now warns that governments must curb the relentless rise in debt. The central bank to the central banks is now warning this. Who empowers this debt? The writing is on the wall. I wonder what they think of project mBridge?
BREAKING NEWS: THE SHANGHAI FUTURES EXCHANGE HAS RELEASED DRAFT PROPOSALS TO FURTHER OPEN UP DOMESTIC FUTURES TO OVERSEAS INVESTORS AS PART OF AN EFFORT TO HELP INTERNATIONALISE THE RENMINBI.
Another one…
“China is the world’s largest consumer of industrial metals by far, but much of the trade is priced by overseas benchmarks…”
